184
184
Nov 9, 2012
11/12
by
KNTV
tv
eye 184
favorite 0
quote 0
. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve the bush tax cuts expire, the alternative minimum tax kicks in, more than half of all married couples with two children would owe and additional $4,000 in taxes a year. for those with three or more children that jumps to $4700. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 government programs, including defense, medicare, extended unemployment benefits. everything but veterans benefits, social security, and federal pensions. economists say that combination would act as a brake on the economy throwing it back into recession and could cause a market crash. >
. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve the bush tax cuts expire, the alternative minimum tax kicks in,...
40
40
Nov 28, 2012
11/12
by
KNTV
tv
eye 40
favorite 0
quote 0
cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is the youngest ceo in the fortune 500. she said her top three priorities are god, family and yahoo!. we're going to hear more about this. meyer will be meeting with the president as well, the leader this afternoon. google also busy in washington. bloomberg reports larry page, the ceo, has been meeting with federal trade commission as we get this much closer to what many see as antitrust. at question, does google use its search results to strengthen its own business interests. for that and the rest of your news, we'll turn to bertha coombs at cnbc. >> good morning, scott.
cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is the youngest ceo in the fortune 500. she...
200
200
Jan 15, 2013
01/13
by
KNTV
tv
eye 200
favorite 0
quote 0
cliff revisited. big spending cuts coming march 1st and a possible government hutdown. >> if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. >> reporter: republicans are insisting on real spending cuts before they say okay to any more borrowing. >> they just can't sit there and say, oh, you're cutting me because you're not giving me the amount of increase that i wanted. those days are over. >> reporter: democrats argue you can't put the country's finances at risk just to get your way. >> you do not get it by threatening people to burn the house down as a way of making them come to the table. that's simply won't work. >> reporter: president obama's also working on new rules to regulate guns. vice president biden delivered his recommendation a day early and p told lawmakers the president has 19 different options that don't involve congress. the president's final plan is due out at the end of the week. from washington, i'm tra
cliff revisited. big spending cuts coming march 1st and a possible government hutdown. >> if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. >> reporter: republicans are insisting on real spending cuts before they say okay to any more borrowing. >> they just can't sit there and say, oh, you're cutting me because you're not giving me the amount of increase that i wanted. those days are over. >>...
213
213
Nov 26, 2012
11/12
by
KNTV
tv
eye 213
favorite 0
quote 0
on captiol hill, the battle lines are drawn for a showdown, a fiscal cliff hanger. that uncertainty is putting a damper on the shopping season that could be helping the economy. brian moore, nbc news, washington. >>> former hp executive and republican political activist says the nation's wealthy need to know they will need to pay more. >> taxing the wealthy is not a process of addressing our great opportunities and challenges. so, as uncommon as it is for republicans to say we will put revenue on the table and i think john boehner was crystal clear that revenue is on the table. the president needs to say here's my grand vision. >> she says the president should focus on addressing the issues that would jump start small business and encourage entrepreneurs. >>> the nhl lockout turned ten weeks old and business s are hurting. many bars and restaurants rely on customers that come in on game days. on friday the nhl announced the cancellation of games through december 14th. henry's high life is one of the businesses starting to feel the pinch. >> the gooim nights the game
on captiol hill, the battle lines are drawn for a showdown, a fiscal cliff hanger. that uncertainty is putting a damper on the shopping season that could be helping the economy. brian moore, nbc news, washington. >>> former hp executive and republican political activist says the nation's wealthy need to know they will need to pay more. >> taxing the wealthy is not a process of addressing our great opportunities and challenges. so, as uncommon as it is for republicans to say we...
46
46
Jan 31, 2013
01/13
by
KNTV
tv
eye 46
favorite 0
quote 0
economists blamed worry over the fiscal cliff and cuts in defense spending. let me point out, jon and laura, we haven't solved the fiscal cliff. we delayed it. if we go over, defense cuts will take place. it's written into the law. so we got bad news on the worry of this happening. one wonders what would happen if we went over and big jobs report tomorrow. 5:30 a.m. >> a lot going on. thanks for helping us cover it all. >>> christina loren is here to help us and talk about what's happening outside. another nice day in the neighborhood. >> a beautiful day in the neighborhood. and these beautiful days are numbered. enjoy them while they last. 37 degrees to start you out. you'll need that coat this morning in places like livermore at 42 in san francisco. 40 in san jose. by noon we're all going to exceed our seasonal averages. make sure you're ready for that. 60 degrees breaking for lunch in san jose. rounding out the day close to 70 just about everywhere. we'll take you through that seven-day forecast. it is on the way. first, mike has a traffic alert. >> we con
economists blamed worry over the fiscal cliff and cuts in defense spending. let me point out, jon and laura, we haven't solved the fiscal cliff. we delayed it. if we go over, defense cuts will take place. it's written into the law. so we got bad news on the worry of this happening. one wonders what would happen if we went over and big jobs report tomorrow. 5:30 a.m. >> a lot going on. thanks for helping us cover it all. >>> christina loren is here to help us and talk about what's...
227
227
Sep 12, 2012
09/12
by
KNTV
tv
eye 227
favorite 0
quote 0
cliff with automatic across-the-board spending cuts next year along with the expiration of the bush era tax cuts. however, republican speaker john boehner says he is, "not confident" congress can reach an agreement before the election. all that as moody's warned once again it may downgrade the government's credit rating if a deal can't be reached. >>> well, it's finally here. today is the day apple ends all the speculation and rumors swirling around its much hyped media event. those in the know expect the company to debut its next generation iphone today. a launch at least one expert predicts will have a significant impact on the nation's economy. nbc's jay gray has more. >> reporter: faster, slimmer, sleeker, more memory, bigger screen and better applications. it can feed your dog, even change your baby's diaper. well, the last two are a bit of a stretch, but speculation about the new iphone and what it may be able to do has been building for months now. >> you know, that's what i'm curious to see, the laws of physics and design sort of dictate that a phone can really only be a pho
cliff with automatic across-the-board spending cuts next year along with the expiration of the bush era tax cuts. however, republican speaker john boehner says he is, "not confident" congress can reach an agreement before the election. all that as moody's warned once again it may downgrade the government's credit rating if a deal can't be reached. >>> well, it's finally here. today is the day apple ends all the speculation and rumors swirling around its much hyped media...
45
45
Nov 12, 2012
11/12
by
KNTV
tv
eye 45
favorite 0
quote 0
plus the fiscal cliff is affecting the markets. for those details and more we turn things over to seema mody live at cnbc headquarters. good morning, seema. >> reporter: very good morning to you, happy monday, guys. futures are higher right now as the markets come off another down week. the dow, nasdaq and s&p 500 all falling 2% last week in the wake of the presidential election and rising concerns about whether congress can reach a deal to avoid, as you guys said, the fiscal cliff in january. that's when a slew of tax hikes and federal spending cuts are set to take effect. there's no economic data out today and the bond market is closed for veterans day, but we do get data reports this week on retail sales, inflation and several stores reporting earnings, giving possible clues about the upcoming holiday shopping season. the dow closed up four points to close at 12,814 and the nasdaq rose 9 points to close at 2904. >>> aeg is teaming up with stubhub on a new ticket service that amsz to rival ticketmaster and live nation. aeg is the
plus the fiscal cliff is affecting the markets. for those details and more we turn things over to seema mody live at cnbc headquarters. good morning, seema. >> reporter: very good morning to you, happy monday, guys. futures are higher right now as the markets come off another down week. the dow, nasdaq and s&p 500 all falling 2% last week in the wake of the presidential election and rising concerns about whether congress can reach a deal to avoid, as you guys said, the fiscal cliff in...
33
33
Nov 27, 2012
11/12
by
KNTV
tv
eye 33
favorite 0
quote 0
this comes as congress looks to avoid the so-called fiscal cliff where automatic tax hikes and spending cuts kick in at the end of the year if a deal is not reached. nbc's tracie potts has new details this morning from washington. >> reporter: today president obama meets with small business leaders, continuing his push for higher taxes for the wealthy. a new white house economic reports warns if tax breaks go away, the average middle class family willow uncle sam another $2200 next year. >> it seems to be a thing that we can all agree on, that middle class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone, now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that broadens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions of taxpayers. >> reporter: the bottom line is america is borrowing too much money trying to keep medicare and social secu
this comes as congress looks to avoid the so-called fiscal cliff where automatic tax hikes and spending cuts kick in at the end of the year if a deal is not reached. nbc's tracie potts has new details this morning from washington. >> reporter: today president obama meets with small business leaders, continuing his push for higher taxes for the wealthy. a new white house economic reports warns if tax breaks go away, the average middle class family willow uncle sam another $2200 next year....
91
91
Nov 7, 2012
11/12
by
KNTV
tv
eye 91
favorite 0
quote 0
congress facing a so called fiscal cliff. this is a series of automatic legislative spending cuts and tax increases. if a budget deal is not reached, taxes will rise for 90% of americans. the white house also set to carry out $100 billion in automatic spending cuts to the pentagon. economists say there is a chance the country could slip into another recession. >> the markets are reacting to the election in a very big way. jackie deangelis is live with a look at how futures are trading this morning. good morning, jackie. >> good morning. the futures have turned sharply lower after being higher earlier this morning and of course in the red last night as many of those election returns were coming in. the asian markets were flat to slightly higher overnight. european markets seeing some green today. we did see stocks rally on tuesday. a notion that the uncertainty over the elections would be over soon is what drove the dow yesterday. the nasdaq was up 12, closing at 3011. the question, how does wall street typically trade after a
congress facing a so called fiscal cliff. this is a series of automatic legislative spending cuts and tax increases. if a budget deal is not reached, taxes will rise for 90% of americans. the white house also set to carry out $100 billion in automatic spending cuts to the pentagon. economists say there is a chance the country could slip into another recession. >> the markets are reacting to the election in a very big way. jackie deangelis is live with a look at how futures are trading...
101
101
Nov 26, 2012
11/12
by
KNTV
tv
eye 101
favorite 0
quote 0
it's estimating that if we go over the fiscal cliff next year, shoppers, consumers will spend about $200 billion less. reporting live in washington, i'm dan yielle leigh, back to y. >>> new this morning, east palo alto police are searching for an armed suspect who shot a man sitting inside a car. shot spotter pinpointed the gunfire on addison avenue just off 101. the 49-year-old victim was shot multiple times about 8:00 last night. police have not updated his condition. investigators believe one or more suspects who were on foot walked up to the victim and attacked him. >>> the trial for a teenager accused of shooting a 3-month-old baby in east palo alto last year is set to begin this morning. prosecutors say 18-year-old fabian fired on a mother and father leaving a baby shower in june of last year. a bullet hit the baby boy, isaac jimenez, killing him. the mother was also hit as she tried to shield her other child who was in the back seat of their car. police say he mistook the family for rival gang members. he is charged with murder and attempted murder. >>> the vallejo teenager accuse
it's estimating that if we go over the fiscal cliff next year, shoppers, consumers will spend about $200 billion less. reporting live in washington, i'm dan yielle leigh, back to y. >>> new this morning, east palo alto police are searching for an armed suspect who shot a man sitting inside a car. shot spotter pinpointed the gunfire on addison avenue just off 101. the 49-year-old victim was shot multiple times about 8:00 last night. police have not updated his condition. investigators...
577
577
Nov 25, 2012
11/12
by
KNTV
tv
eye 577
favorite 0
quote 0
many shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever online shopping could exceed 10% of all holiday spending. the folks who track these things tell us that amazon was the most visited retail site of all over the holiday weekend, but what happens after your click your mouse and make a purchase. we got an inside look at one of amazon's largest hubs in the u.s. >> reporter: from the moment you check out at amazon.com the process begins. your item is picked, sorted, packed and shipped. this is what the holidays look like here at amazon. to give you some perspective this is one of 40 across the country packed with thousands of items in time for the holiday rush. they're going
many shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever...
1,769
1.8K
Jan 3, 2013
01/13
by
KNTV
tv
eye 1,769
favorite 0
quote 0
aides say boehner decided the house could not demand fiscal cliff spending cuts and vote on the same day to spend billions in disaster relief, but boehner promised the new congress will vote on sandy help starting tomorrow. >> extremely positive meeting. >> reporter: but more proof that in this political environment, every kind of issue can veer off into another crisis. >> the country is fractured, conservatives and liberals, republicans, democrats, have very different views of how to deal with issues of taxes and spending and entitlements. that's not going away. >> reporter: and this is a critical political day for john boehner, as well. we've watched him have some political setbacks in recent days, and part of a new congress is electing the speaker. john boehner's aides say despite rumbles his way, they do expect him to be elected speaker. matt? >> kelly, thank you very much. peter king is a republican house member from new york, good morning. >> good morning, matt. >> message received, speaker boehner said they'll vote on sandy relief this week for a total of $160 billion. are you
aides say boehner decided the house could not demand fiscal cliff spending cuts and vote on the same day to spend billions in disaster relief, but boehner promised the new congress will vote on sandy help starting tomorrow. >> extremely positive meeting. >> reporter: but more proof that in this political environment, every kind of issue can veer off into another crisis. >> the country is fractured, conservatives and liberals, republicans, democrats, have very different views...
172
172
Nov 7, 2012
11/12
by
KNTV
tv
eye 172
favorite 0
quote 0
congress faces so-called fiscal cliff. you heard scott talking about this earlier. it's a series of automatic legislative spending cuts and tax increases. if a budget deal is not reached by the end of the year, taxes will rise for 90% of americans. the white house is also set to carry out $100 billion in automatic spending cuts to the pentagon. economists say there is a chance the country could slip into another recession. >>> and it is history in the making for one specific and very controversial issue. we're talking same-sex marriage. voters in maryland and maine approving measures to allow same-sex marriage. earlier returns in washington state showed voters narrowly approving gay marriage while in minnesota voters rejected a proposed constitutional amendment to write man/woman marriage into the constitution. >>> and we will be right back. [ female announcer ] this is the story of joycelin... [ joycelin ] it was a typical morning. i was getting ready for work, and then i got this horrible headache, and then i blacked out. [ female announcer ] ...who thought she ha
congress faces so-called fiscal cliff. you heard scott talking about this earlier. it's a series of automatic legislative spending cuts and tax increases. if a budget deal is not reached by the end of the year, taxes will rise for 90% of americans. the white house is also set to carry out $100 billion in automatic spending cuts to the pentagon. economists say there is a chance the country could slip into another recession. >>> and it is history in the making for one specific and very...
172
172
Jul 18, 2012
07/12
by
KNTV
tv
eye 172
favorite 0
quote 0
cuts were allowed to take effect, a scenario widely referred to as a fiscal cliff, a shadow which re -- >> ben bernanke blames slow job growth and low consumer spending warning congress they need to take action and to make a decision on the bush era tax cut and other payroll tax breaks. if they do nothing, ben bernanke says, it could cost americans more than $300 billion in tax increases next year. >>> some international headlines, as the situation in syria intensifies, the united nations -- the council will vote on a new syria resolution on how to end the violence. meantime, clashes between syrian rebels and government forces backed by helicopters spread to new areas of the capital today. the violence included a brief firefighter near parliament. it was the third day in a row of heavy fighting in damascus and the fights has reached president assaad's area of power. >> a little extra rootingo -- >>> it's not something you'll typically find in nature, coming up the unlikely find in a wildlife refugee. >>> and protecting infants, changes coming to baby bottles. >> talk about down right
cuts were allowed to take effect, a scenario widely referred to as a fiscal cliff, a shadow which re -- >> ben bernanke blames slow job growth and low consumer spending warning congress they need to take action and to make a decision on the bush era tax cut and other payroll tax breaks. if they do nothing, ben bernanke says, it could cost americans more than $300 billion in tax increases next year. >>> some international headlines, as the situation in syria intensifies, the...
68
68
Nov 25, 2012
11/12
by
KNTV
tv
eye 68
favorite 0
quote 0
cliff of tax hikes and big spending cuts slated to take effect at the start of the new year crippling the economy possibly. monday is known as cyber-monday by some consumers when holiday shoppers who didn't leave their thanksgiving dinner or brave the black friday crowds instead plan to do much of their holiday shopping online. now, a handful of economic reports this week may reflect the lingering impact of hurricane sandy. durable goods orders expected to rise last month but many factories in the east had to shut down and sales of new homes may have been hurt in the final week of the month. >>> automakers show off their new models this week. we'll see the new chevy spark. fiat's electric car and dozens of other vehicles. that's all at the los angeles auto show. i'm tyler mathisen. get your business news on cnbc. >> a reminder you can get business and tech news before the bell weekdays on "today in the bay" starting at 4:30 in the morning. much more ahead on "today in the bay." coming up, what you need to know before you buy toys this christmas. we'll show you which toys to avoid. >>>
cliff of tax hikes and big spending cuts slated to take effect at the start of the new year crippling the economy possibly. monday is known as cyber-monday by some consumers when holiday shoppers who didn't leave their thanksgiving dinner or brave the black friday crowds instead plan to do much of their holiday shopping online. now, a handful of economic reports this week may reflect the lingering impact of hurricane sandy. durable goods orders expected to rise last month but many factories in...
223
223
Nov 14, 2012
11/12
by
KNTV
tv
eye 223
favorite 0
quote 0
the white house says it wants a deal without going over the fiscal cliff. lawmakers have about seven weeks to reach a budget deal that will avoid that scenario. some fear the economic uncertainty could ignite turmoil in the financial markets or cause businesses to delay hiring and spend less. all this week the president is meeting with lawmakers and leaders in labor and business getting their input on the situation. >>> it seems to be changing by the hour. another twist in this widening scandal. two women and now two generals are under investigation in the david petraeus saga. janelle wang breaks down this complicated case in our world tonight. >> reporter: raj, the florida socialite at the center of the scandal apparently exchanged flirtatious e-mails with another four-star general. the fbi is reviewing thousands of documents between jill kelley and general john allen. under military law adultery is a crime but allen's spokesperson insists there was no affair. kelley is the woman who complained to the fbi after receiving harassing anonymous e-mails. agents
the white house says it wants a deal without going over the fiscal cliff. lawmakers have about seven weeks to reach a budget deal that will avoid that scenario. some fear the economic uncertainty could ignite turmoil in the financial markets or cause businesses to delay hiring and spend less. all this week the president is meeting with lawmakers and leaders in labor and business getting their input on the situation. >>> it seems to be changing by the hour. another twist in this...
268
268
Nov 26, 2012
11/12
by
KNTV
tv
eye 268
favorite 0
quote 0
cliff. >>> and the giants have another reason to celebrate. we'll tell you about the record-breaking payout that was announced this morning. you may be surprised who gets the full share. >>> it's cyber monday. we will look at the deals coming up in business news. [ female announcer ] what would you call an ordinary breakfast pastry that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. >>> protesters are back in the streets of cairo and now there are fears a second revolution may be looming in egypt goi following the series of decrees. the decree that gives the president immunity from the nation's courts. nbc reports from cairo. >> reporter: for a fourth straight
cliff. >>> and the giants have another reason to celebrate. we'll tell you about the record-breaking payout that was announced this morning. you may be surprised who gets the full share. >>> it's cyber monday. we will look at the deals coming up in business news. [ female announcer ] what would you call an ordinary breakfast pastry that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel....
199
199
Nov 26, 2012
11/12
by
KNTV
tv
eye 199
favorite 0
quote 0
congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed, to oppose tax increases of any kind. that once solid wall was showing cracks. >>> the pledge you saw 18 years ago, 20 years ago was for that congress. the world has changed and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree to changes in social security and medicare. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> reporter: activists on the left are lining up to oppose those reforms, but the president has
congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all...
251
251
Sep 11, 2012
09/12
by
KNTV
tv
eye 251
favorite 0
quote 0
cuts and tax increases commonly referred to these days as the so-called fiscal cliff. nbc's steve handelsman reports from capitol hill. >> reporter: lawmakers in the house and the senate are back after a month-long break with a pile of urgent business. but they're focused first on the elections. >> both parties are looking at public opinion polls, looking at which parts of their agenda are popular and which part of the other sides are unpopular and dramatize those with floor votes that don't result in any bills. >> reporter: so democrats want a new vote on the paul ryan budget to drive home to voters that he would change medicare. republicans want the vote to phase out solar and wind power subsidies to drive home to voters that president obama lost a half billion on solyndra. a far bigger issue, the impasse over hiking taxes on the rich that if not settled could raise everyone's rates january 1st and trigger huge defense and social service cuts. the fiscal cliff is getting put off until after election day. the farm bill that will help with the drought is partially post
cuts and tax increases commonly referred to these days as the so-called fiscal cliff. nbc's steve handelsman reports from capitol hill. >> reporter: lawmakers in the house and the senate are back after a month-long break with a pile of urgent business. but they're focused first on the elections. >> both parties are looking at public opinion polls, looking at which parts of their agenda are popular and which part of the other sides are unpopular and dramatize those with floor votes...
209
209
Nov 29, 2012
11/12
by
KNTV
tv
eye 209
favorite 0
quote 0
cliff. white house negotiators head to capitol hill today. they're going to sit down with congressional leaders and talk about specific proposals from both sides for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings with a handful of lawmakers who could have a huge impact on your paycheck come january 1st. . treasury secretary tim geithner and white house legislative chief rob neighbors bring the president's deficit-cutting plan to capitol hill today. >> i am very open to a fair and balanced approach to reduce our deficit. >> reporter: republicans want to know, does that approach include the government spending less money? >> we've put revenue on the table, as long as it's accompanied by serious spending cuts. >> reporter
cliff. white house negotiators head to capitol hill today. they're going to sit down with congressional leaders and talk about specific proposals from both sides for an agreement to avoid the fiscal cliff. nbc's tracie potts joins from us washington with those details. tracie, good morning. >> reporter: lynn, good morning. so, it may be no deal today, but perhaps moving forward on these spending cuts and tax increases that are looming at the end of the year. some very specific meetings...
160
160
Sep 28, 2012
09/12
by
KNTV
tv
eye 160
favorite 0
quote 0
cliff to thinking how can we slow business spending so that the collision won't destroy us? it's not just the u.s. that's a drag. china, there's a big hate on china right now. china is big hat. no. big mao cap no cattle. the worst downturn in two months is more representative of what's happening because there is no unity between the rich and poor nations. don't they show that there's no real hope for fiscal reform in that wounded country? today's action, i heard all day it's phony. me and many portfolio managers buy stocks and move them higher to the end of the quarter to get a little gain there. the conclusion, if this were monday coming up, a new month, a new quarter, you would see this entire markup window dressing period, the deal, and we were right back into that downturn that just began and has much further to go. these are some real heavy negatives that could turn even the most optimistic of the bulls into bears. let's take a look at the bullish side. just when we were starting to be afraid of what's going on in europe despite the rise, offering exactly what the riche
cliff to thinking how can we slow business spending so that the collision won't destroy us? it's not just the u.s. that's a drag. china, there's a big hate on china right now. china is big hat. no. big mao cap no cattle. the worst downturn in two months is more representative of what's happening because there is no unity between the rich and poor nations. don't they show that there's no real hope for fiscal reform in that wounded country? today's action, i heard all day it's phony. me and many...
324
324
Nov 12, 2012
11/12
by
KNTV
tv
eye 324
favorite 0
quote 0
will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thank you. >> good to be with you. >> marty, both sides appear to be extending an olive branch when with it comes to the fiscal cliff. do you think we will reach a compromise? and if so how and when? >> i hope so. the consequence of not reaching the compromise for the american and world economy next year would be disastrous. we would be talking about a very deep recession if we went over the cliff and didn't quickly bounce back from it. >> laura, you think there is a two-part solution. what do you mean by that? >> we have the fiscal cliff and a need to get a long-run compromise plan on deficit reduction over the next decade. i think we have to be realistic, that the possible of getting the long-run plan over
will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thank you. >> good to be with you. >> marty, both sides appear to be extending an olive branch when with it comes to the fiscal cliff. do you...
172
172
Nov 8, 2012
11/12
by
KNTV
tv
eye 172
favorite 0
quote 0
, and the national debt to avoid that so-called fiscal cliff. nbc's tracie potts is in washington with the latest on that. tracie, good morning. >> reporter: lynn, good morning. that big party in chicago over, the president now back here in washington dealing with congress and about to deal with some serious financial problems that could hit before the end of the year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress, urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1, if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see
, and the national debt to avoid that so-called fiscal cliff. nbc's tracie potts is in washington with the latest on that. tracie, good morning. >> reporter: lynn, good morning. that big party in chicago over, the president now back here in washington dealing with congress and about to deal with some serious financial problems that could hit before the end of the year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only...
60
60
Nov 27, 2012
11/12
by
KNTV
tv
eye 60
favorite 0
quote 0
fiscal cliff is a series of tax increases and spending cuts that kick in at the ending of the year if congress does not act. at issue, how to get people who earn more than $250,000 to contribute more either by raising taxes or cutting their deductions. tracie potts joins us live in washington, d.c., this morning. we've heard some republicans may be willing to back off a pledge not to raise taxes. is that still the case today? >> reporter: it looks like that may be the case, as you said, for some of them. their party line has been that they don't want to raise taxes on the job creators, but now listen to what some republicans are saying about bringing in more revenue. >> we've been open to revenue by closing loop holds as long as it's tied to spending cuts and pro growth tax reform that broadens the base and lowers rates. >> don't raise rates, you just cap the amount of itemized deductions that taxpayers -- it hits the wealthy. >> reporter: so bottom line here, it looks like they may be hinting, laura, that there could be some compromise. yes, we can raise more money for the government
fiscal cliff is a series of tax increases and spending cuts that kick in at the ending of the year if congress does not act. at issue, how to get people who earn more than $250,000 to contribute more either by raising taxes or cutting their deductions. tracie potts joins us live in washington, d.c., this morning. we've heard some republicans may be willing to back off a pledge not to raise taxes. is that still the case today? >> reporter: it looks like that may be the case, as you said,...
129
129
Mar 11, 2013
03/13
by
KNTV
tv
eye 129
favorite 0
quote 0
fiscal cliff deal that raise taxes top 1% and spending cuts may be help but washington is still stuck. this week you saw a couple republicans, chrisyty and jeb bush gearing up to run for president by attacking washington from afar. >> appears to be the last two years bog crisis to crisis. i think people are just numb by this dysfunction. >> if anybody this this room thinks they understand washington, d.c., please come on up and stand behind the podium and you give the answers. because i don't have the first damn idea what they're doing down there. chris: har
fiscal cliff deal that raise taxes top 1% and spending cuts may be help but washington is still stuck. this week you saw a couple republicans, chrisyty and jeb bush gearing up to run for president by attacking washington from afar. >> appears to be the last two years bog crisis to crisis. i think people are just numb by this dysfunction. >> if anybody this this room thinks they understand washington, d.c., please come on up and stand behind the podium and you give the answers....
120
120
Sep 29, 2012
09/12
by
KNTV
tv
eye 120
favorite 0
quote 0
mostly because of concern about the fiscal cliff. we could see major cuts in defense spending. given it gets 70% of its sales from the department of defense you can see why people would be nervous. however, i think those worries might be baked into the stock at those levels. it might be exaggerated. plus xls sports a juicy 4% yield. even if the worse does happen they're paying you to wait for washington to sort itself out. the other thing it represents a niche area within the budget. it's not one of those big old cold war programs that they have. i don't know if we should even be that worried. among the other things the company makes is highly secure communication systems, energy analysis, warfare systems, night vision goggles. it also has an information technical side where they do everything from aircraft traffic management for the faa and networks. that's probably less sensitive to the budget cuts we're all so worried about. last quarter was quite strong. if we don't fall off the fiscal cliff this could be the right stock to own. even if we do smash into the fiscal retaining
mostly because of concern about the fiscal cliff. we could see major cuts in defense spending. given it gets 70% of its sales from the department of defense you can see why people would be nervous. however, i think those worries might be baked into the stock at those levels. it might be exaggerated. plus xls sports a juicy 4% yield. even if the worse does happen they're paying you to wait for washington to sort itself out. the other thing it represents a niche area within the budget. it's not...
48
48
Nov 27, 2012
11/12
by
KNTV
tv
eye 48
favorite 0
quote 0
cliff. >> if a budget deal is not reached by the end of the year, automatic spending cuts and tax hikes will kick in. >>> here is a very interesting study. new this morning, bay area breast cancer rates are on the rise. that according to a new study released overnight. as the research shows, the numbers are causing some concern in certain areas. marla tellez is in our newsroom with all the new findings. >> reporter: jon, good morning. 10% to 20%. those are the numbers that are causing concern when it comes to breast cancer rates in the bay area. specifically the california breast cancer mapping project found portions of san mateo, santa clara and alameda counties had breast cancer rates that were 10% to 20% higher than the state average from 2000 to 2008. high rates were also found in the north bay in portions of sonoma, napa and solano counties. however, the study does not name a cause for these higher rates. but it has long been known breast cancer risk factors include taking certain hormone replacements, having no children or few children later in life, also drinking two or more alco
cliff. >> if a budget deal is not reached by the end of the year, automatic spending cuts and tax hikes will kick in. >>> here is a very interesting study. new this morning, bay area breast cancer rates are on the rise. that according to a new study released overnight. as the research shows, the numbers are causing some concern in certain areas. marla tellez is in our newsroom with all the new findings. >> reporter: jon, good morning. 10% to 20%. those are the numbers that...
129
129
Nov 29, 2012
11/12
by
KNTV
tv
eye 129
favorite 0
quote 0
vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than $250,000. >> reporter: house speaker john boehner says no. once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically for the top 2%. worried ceos came to capitol hill saying congress has to avoid the cliff. >> entitlements have to be touched and revenues have to be touched. >> to make sure we have revenue necessary in order to move this economy forward. >> we are willing to put revenue on the table as long as we are not raising rates. >> reporter: the president says no long-term deal without a rate hike on the rich. he is urging the middle class to lobby lawmakers. >> whe
vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than...
222
222
Jan 3, 2013
01/13
by
KNTV
tv
eye 222
favorite 0
quote 0
the state finance office says the disruption of going over the fiscal cliff could have caused the state to relapse into recession. expert says it's too soon to tell whether the two-month delay on spending cuts will cause byes to hold off on hiring and other types of spending. some immediate benefits of the agreement, 400,000 californians will receive extended unemployment benefits. doctors will not see a cut in medicare payments. the agreement also keeps tax credits in place for children, college tuition, clean energy and small business. >>> a san francisco-based current tv, the channel launched by former vice president al gore has been sold to al jazeera. they made the announcement today noting that current tv and al jazeera share goals highlighting different points of view. it will allow the network to reach a larger english audience. 60% of the programing will originate in the united states. the rest will be from overseas. but al jazeera as part of the current deal will be based in new york. no word on what will happen to lieutenant governor gavin newsom's talk show which currently a
the state finance office says the disruption of going over the fiscal cliff could have caused the state to relapse into recession. expert says it's too soon to tell whether the two-month delay on spending cuts will cause byes to hold off on hiring and other types of spending. some immediate benefits of the agreement, 400,000 californians will receive extended unemployment benefits. doctors will not see a cut in medicare payments. the agreement also keeps tax credits in place for children,...
216
216
Sep 1, 2012
09/12
by
KNTV
tv
eye 216
favorite 0
quote 0
wallets because of high gas prices, the upcoming election, and a looming fiscal cliff. >>> 33 million people are expected to travel this holiday weekend, but it makes more sense to do it after the weekend if you can wait. after labor day travel has become not only pleasurable but affordable. it's a great time to get away. temperatures are still nice, crowds are smaller. here's the catch. plenty of great bargains. for example, hotels in london are 60% cheaper than they were during the olympics. here's another one. luxury hotels in hawaii are charging 40% less than they were just a week ago. >>> all right. we might have to go somewhere, jeff. it was just darn cold today. >> it was. a lot of spots had trouble even getting out of the 60s. it's all because of the fog and that strong westerly wind. we do have a 30 degree temperature jump in the seven-day forecast. hold on, folks. that fog shrouding in san francisco. that's where we're tracking three hour delays. we could see delays upwards of an hour tonight in oakland. san jose about 15 minutes. a lot of blue sky in the south bay. it's all
wallets because of high gas prices, the upcoming election, and a looming fiscal cliff. >>> 33 million people are expected to travel this holiday weekend, but it makes more sense to do it after the weekend if you can wait. after labor day travel has become not only pleasurable but affordable. it's a great time to get away. temperatures are still nice, crowds are smaller. here's the catch. plenty of great bargains. for example, hotels in london are 60% cheaper than they were during the...
88
88
Nov 30, 2012
11/12
by
KNTV
tv
eye 88
favorite 0
quote 0
lawmakers are edging ever closer to that year-end fiscal cliff. today we'll get data on personal incomes and spending and manufacturing. the dow ended the day up 36 points to 13,021. the nasdaq up 20 to 3012. with one day left to go in november, the nasdaq and the s&p 500 are in the black for the month, but the dow is still in the red. >>> president obama today heads to pennsylvania to tour a toy factory outside philadelphia as he continues to push republicans to let the bush aera tax cuts expire for people who make more than $250,000 a year. tim geithner made the president's case yesterday meeting with the four congressional leaders on capitol hill. reports say the president's first salvo calls for tax increases, $50 billion in the infrastructure spending and the power to raise the debt ceiling without congressional approval. as you can imagine, guys, congress did not take very well to that, particularly on the republican side. but 31 days and counting here. >> here we go. >> the countdown is on. a lot of salty people on capitol hill. see if they
lawmakers are edging ever closer to that year-end fiscal cliff. today we'll get data on personal incomes and spending and manufacturing. the dow ended the day up 36 points to 13,021. the nasdaq up 20 to 3012. with one day left to go in november, the nasdaq and the s&p 500 are in the black for the month, but the dow is still in the red. >>> president obama today heads to pennsylvania to tour a toy factory outside philadelphia as he continues to push republicans to let the bush aera...
172
172
Oct 26, 2012
10/12
by
KNTV
tv
eye 172
favorite 0
quote 0
cliff, even though it's still two months away. the report finds corporations are betting congress won't act in time. so they're laying off workers and cutting back on spending which could cost the economy 6 million jobs by 2014. >>> bank of america is one of nine banks being subpoenaed over alleged interest rate manipulation. microsoft's new surface tablet hits stores today with a starting price of 499. finally retailers are already running low on holiday season's hottest toys thanks to a surge in layaways. topping the list, the leap pad 2, has borrow's furby. >>> coming up, tom hanks unleashes a big one. scary moments as a searing line drive nails tigers pitcher doug fister right in the head. >>> sandy is heading through the northeast as we go through the end of the weekend and beginning of next week. details coming up. you're watching "early today." >>> in sports, san francisco has a two-games-to-none lead in the world series which gives them a 79% chance of winning it all. let's begin in the second inning. a wicked line drive h
cliff, even though it's still two months away. the report finds corporations are betting congress won't act in time. so they're laying off workers and cutting back on spending which could cost the economy 6 million jobs by 2014. >>> bank of america is one of nine banks being subpoenaed over alleged interest rate manipulation. microsoft's new surface tablet hits stores today with a starting price of 499. finally retailers are already running low on holiday season's hottest toys thanks...
133
133
Nov 28, 2012
11/12
by
KNTV
tv
eye 133
favorite 0
quote 0
. >> if we go over the fiscal cliff, we're going to suffer as much as anyone else. that in itself is a distressing combination. of 2 million jobs lost nationwide, expected to be lost because of reduced government spending, 230,000 will disappear here. that breaks down to 135,000 in defense and 95,000 in other nondefense sections. in fact, the state will lose $11 billion in income during the first year alone. >> wow. so you've got employment issues, but what about other subsidies that we might lieu? >> and there are a lot. those in the greatest need of course will suffer the most. it's expected at least 500,000 californians will immediately lose extended unemployment benefits. education tax credits and other credits for low income families. also, federal aid education, agriculture subsidies will be reduced if not eliminated, at least for the time being. between higher taxes and dramatic reductions, everyone, i mean everyone will fall over that fiscal cliff. >> you have two camps out there. some are saying let's push it to the end and don't move. other people are fear
. >> if we go over the fiscal cliff, we're going to suffer as much as anyone else. that in itself is a distressing combination. of 2 million jobs lost nationwide, expected to be lost because of reduced government spending, 230,000 will disappear here. that breaks down to 135,000 in defense and 95,000 in other nondefense sections. in fact, the state will lose $11 billion in income during the first year alone. >> wow. so you've got employment issues, but what about other subsidies...
189
189
Nov 8, 2012
11/12
by
KNTV
tv
eye 189
favorite 0
quote 0
. >> now, going over the fiscal cliff, as it's called, could cause california 220,000 jobs, says feinstein when the bush tax cuts and spending expire at the end of this year. >>> president obama fresh off his victory is back at the white house tonight. the president, first lady and daughters malia and sasha arrived just a few hours ago. you see them there getting off air force i. it was already turning toward bipartisan equality. boehner even opened the door to higher taxes. >> bipartisan agreement which begins to solve the problem, we're willing to accept revenue under certain conditions. >> we republicans want us to work together. >> so much talk about the impending fiscal cliff. it's dominating this agenda, although the problems have other immediate concerns, including changes thoiz cabinet. >>> a home burglary at the home of nancy pelosi is raising eyebrows. the 21-year-old admitted to robbing six homes. they found the front door smashed in. it's not clear if he took anything initially. nancy pelosi won her post again last night. some congressional insiders say pelosi is weighing her o
. >> now, going over the fiscal cliff, as it's called, could cause california 220,000 jobs, says feinstein when the bush tax cuts and spending expire at the end of this year. >>> president obama fresh off his victory is back at the white house tonight. the president, first lady and daughters malia and sasha arrived just a few hours ago. you see them there getting off air force i. it was already turning toward bipartisan equality. boehner even opened the door to higher taxes....
51
51
Jul 17, 2012
07/12
by
KNTV
tv
eye 51
favorite 0
quote 0
. >> going off the fiscal cliff if they don't get their way. >> i will absolutely continue this debate into 2013 rather than lock in a long term deal this year that throws middle class families under the bus. >> each side locking into their positions not just here but on the campaign trail. president obama blaming congress, and saying that mitt romney would take the country in the wrong direction, romney at a million dollar fundraiser told his supporters that president obama is standing behind his own millionaire supporters and forsaking the middle class. now back to you. >> thank you, brian. it's 5:42. one of yahoo!'s former foes taking over the company. today is marissa mayer's first day on the job as yahoo! ceo. we have team coverage on google's loss and yahoo!'s gain. bob has a look at mayer and her impact on the google product we use. we begin with scott mcgrew live at yahoo! headquarters. this is hardly the first time you have covered a new ceo at that company. >> reporter: actually, i had to write them down. yang, david yang, he started the company, cougle, semle, yank, barts, s
. >> going off the fiscal cliff if they don't get their way. >> i will absolutely continue this debate into 2013 rather than lock in a long term deal this year that throws middle class families under the bus. >> each side locking into their positions not just here but on the campaign trail. president obama blaming congress, and saying that mitt romney would take the country in the wrong direction, romney at a million dollar fundraiser told his supporters that president obama...
26
26
Aug 2, 2012
08/12
by
KNTV
tv
eye 26
favorite 0
quote 0
oh, yeah, no farm bill, no health for the cash strapped post office and then the fiscal cliff thing we're going to fall off on january 1. come january 1, if lawmakers can't find some compromise, taxes go up for everyone, and huge gigantic catastrophic spending cuts kick in across the board. as far as the bush era tax cuts the senate and the house have both passed competing bills that are miles apart, republicans demanding that tax cuts kick in for everyone. the obama administration and democrats insist it's everyone under a quarter million dollars a year. will they be able to solve this problem? it is a literal and figure rative fiscal cliffhanger, jon, maybe after the election. probably not. >> we'd like to keep our fingers crossed but not looking good. thank you. >> now to the london olympic games and mitt romney's wife, she's going for the gold today. >> kind of sort of. she's not competing but the horse she owns is. 15-year-old mare rafalca will compete in dressable. dressage is nicknamed horse ballet, when riders wearing top hats guide their horses through precise maneuvers. we're to
oh, yeah, no farm bill, no health for the cash strapped post office and then the fiscal cliff thing we're going to fall off on january 1. come january 1, if lawmakers can't find some compromise, taxes go up for everyone, and huge gigantic catastrophic spending cuts kick in across the board. as far as the bush era tax cuts the senate and the house have both passed competing bills that are miles apart, republicans demanding that tax cuts kick in for everyone. the obama administration and...
65
65
Nov 14, 2012
11/12
by
KNTV
tv
eye 65
favorite 0
quote 1
cliff. that's ahead in a live report. good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. we introduced the first home freezer. the first pulsator agitator washer. we created a host of innovations that have helped make your home life better. and now we introduce the frigidaire orbitclean™ dishwasher. designed with a unique wash arm that gives you four times more water coverage. for a consistently better clean. frigidaire. over 90 years of legendary innovation. >>> would top military leaders snared in scandal. tangled web gets more complicated this morning. we will explain just ahead. >> avoiding a freefall. how a bay area ceo is helping the president off the brink of the fi
cliff. that's ahead in a live report. good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. we introduced the first home freezer. the first pulsator agitator washer. we created a...
1,415
1.4K
Nov 29, 2012
11/12
by
KNTV
tv
eye 1,415
favorite 0
quote 0
. >>> treasury secretary tim geithner is holding talks about avoiding the year-end fiscal cliff of tax hikes and spending cuts. republicans are asking for more details from the white house about how president obama would curb the growth of benefit programs like medicare and medicaid. >>> the woman who could be nominated as the next secretary of state got a big show of support wednesday in the face of growing republican criticism. president obama called susan rice extraordinary and said he couldn't be more proud of the job she's done representing the u.s. at the united nations. and outgoing secretary of state hillary clinton said rice has done a great job. rice has been under fire, though, for her initial comments about the deadly september attack on the u.s. consulate in libya. >>> president obama welcomes election rival mitt romney to the white house today. they'll have a private lunch together. the president promised in his victory speech to meet with romney after their bitter campaign and consider his ideas for making government more efficient. >>> and yet another arrest this mornin
. >>> treasury secretary tim geithner is holding talks about avoiding the year-end fiscal cliff of tax hikes and spending cuts. republicans are asking for more details from the white house about how president obama would curb the growth of benefit programs like medicare and medicaid. >>> the woman who could be nominated as the next secretary of state got a big show of support wednesday in the face of growing republican criticism. president obama called susan rice extraordinary...
152
152
Nov 30, 2012
11/12
by
KNTV
tv
eye 152
favorite 0
quote 0
lawmakers are no closer to avoiding the fiscal cliff, according to house speaker john boehner. each party blame the other for failing to outline considerable spending cuts. president obama sent vice president joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a huge crowd, as you can see. his favorite part like many who go to costco, try out the free samples. he spoke about the importance of renewing the tax cuts. >> so i think it is important that coming act now. i mean, right now. all it has to do is take a single vote to extend the middle class tax cuts. >> reporter: biden bought cookies, children's books and apple pie, and a 32-inch flat screen tv. he decline an offer to buy a set of tires saying i don't drive anymore. envelop the president had a notable lunch guest at the white house today. his former rival, mitt romney. the get-together mark their first meeting since facing off in
lawmakers are no closer to avoiding the fiscal cliff, according to house speaker john boehner. each party blame the other for failing to outline considerable spending cuts. president obama sent vice president joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a huge crowd, as you can see. his favorite...
481
481
Nov 8, 2012
11/12
by
KNTV
tv
eye 481
favorite 0
quote 0
the dow plunged 313 points on wednesday amid fears about the looming fiscal cliff of spending cuts and tax increases that could push the u.s. into another recession. maria bartiromo is the host of cnbc's "closing bell." >> well, people are putting two and two together, saying wall street dropped the day after the election. simple question, why? >> you're absolutely right. well, first off, people are worried about higher taxes, higher regulation under it had obama presidency. but also, it is this near-term worry about the fiscal cliff. at the end of this year, we will see $600 billion of spending go away. there are spending cuts coming, that means, defense companies, transportation, construction, they may very well have to lay off workers. in addition to that, we've got the highest tax increase coming on virtually all income levels. these two things will coincide, and that is the fiscal cliff to basically possibly push the u.s. economy into recession unless congress does something about it. >> is wall street basically registering its doubt and skepticism that either party can come toget
the dow plunged 313 points on wednesday amid fears about the looming fiscal cliff of spending cuts and tax increases that could push the u.s. into another recession. maria bartiromo is the host of cnbc's "closing bell." >> well, people are putting two and two together, saying wall street dropped the day after the election. simple question, why? >> you're absolutely right. well, first off, people are worried about higher taxes, higher regulation under it had obama...
42
42
Feb 13, 2013
02/13
by
KNTV
tv
eye 42
favorite 0
quote 0
people who are wealthy in this country need to pay more beyond the fiscal cliff tax increases we got at the end of the year. you can't put it on the backs of seniors and working families. especially seniors on medicare. it means reform but not in a way that hurts current seniors. that's not the way the republican party sees it. here's the response from marco rubio last night. >> his solution to virtually every problem we face is for washington to tax more, borrow more and spend more. this idea that our problems were caused by a government that was too small just is not true. >> reporter: president obama said it's not b about big government. it's about smarter government. he includes immigration reform -- send me e a bill, he told congress -- and dpun control. an emotional end when he referenced the dozens of victims, families and first responders who were in the room when he was giving the speech saying that congress needs to deal with reform by bringing it up for a vote, not blocking it. john? >> tracy, thank you for the update. >> as she mentioned the president spent time talking a
people who are wealthy in this country need to pay more beyond the fiscal cliff tax increases we got at the end of the year. you can't put it on the backs of seniors and working families. especially seniors on medicare. it means reform but not in a way that hurts current seniors. that's not the way the republican party sees it. here's the response from marco rubio last night. >> his solution to virtually every problem we face is for washington to tax more, borrow more and spend more. this...
53
53
Nov 9, 2012
11/12
by
KNTV
tv
eye 53
favorite 0
quote 0
cliff by the end of the year. the questions remain will democrats agree to big spending cuts and will republicans agree to tax increases? in other words, can we all just get along? tracie potts is live on capitol hill right now with a look at some of those not-so-simple answers. good morning. >> reporter: jon, good morning. we're watching what this all means to your wallet. do your taxes go up at the end of the year? do you lose that 2% extra you got on the payroll tax break this year? what about the payroll tax and unemployment if you're on unemployment. lots of people in california drawing extra benefits. all of that to be addressed today by president obama when he addresses the nation and reporters, although he won't take questions from the east room this afternoon. he's expected to say we've got to hold on to those bush tax cuts and congress needs to make that priority number one. number two, they need to cooperate to prevent the rest of the fiscal cliff from happening this year. we've heard also from house sp
cliff by the end of the year. the questions remain will democrats agree to big spending cuts and will republicans agree to tax increases? in other words, can we all just get along? tracie potts is live on capitol hill right now with a look at some of those not-so-simple answers. good morning. >> reporter: jon, good morning. we're watching what this all means to your wallet. do your taxes go up at the end of the year? do you lose that 2% extra you got on the payroll tax break this year?...
46
46
Jan 7, 2013
01/13
by
KNTV
tv
eye 46
favorite 0
quote 0
in large part thanks to the temporary solution of the fiscal cliff. the next fight is ahead and that's the debt ceiling. watch out for politicians who say we shouldn't authorize more spending because they are misleading you. the debt ceiling vote will authorize payment of debt we already incurred. let me show you an example of someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's maxed out the last one. >> reporter: a better analogy is we maxed out the credit card we have and now we have to pay the bill. paying the bill is very important to the credit rating of the united states. >> just like we all have to do. >> yeah, right. we'll keep an eye on that one, scott. thank you for breaking it down. >>> meteorologist christina loren talking 60s today for this back to work monday. >> we'll get paid with sunshine this afternoon. good monday morning to you. temperatures this morning running cool. we have patchy fog out there to make you aware of. quarter
in large part thanks to the temporary solution of the fiscal cliff. the next fight is ahead and that's the debt ceiling. watch out for politicians who say we shouldn't authorize more spending because they are misleading you. the debt ceiling vote will authorize payment of debt we already incurred. let me show you an example of someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's...
522
522
Nov 9, 2012
11/12
by
KNTV
tv
eye 522
favorite 0
quote 0
it is back to work for president obama today as he addresses congress about the fiscal cliff. these are tax increases and automatic spending cuts slated to slam the economy back into a possible recession in january if the house and senate don't intervene. partisan politics have gotten in the way on the issue as republicans refuse to hike tax rates on wealthy americans. the president is expected to urge congress to come together to extend bush era tax cuts for all but the nation's highest earners. >>> the gunman convicted of wounding congresswoman gabrielle giffords in tucson, arizona has now been sentenced to life in prison without parole. giffords stood by her husband's side as the retired astronaut mark kelly confronted shooter jared loughner and told him he couldn't kill the congresswoman's spirit. loughner had agreed to a plea deal earlier to avoid the death penalty. his january, 2011 rampage killed six people and left 13 others including giffords wounded. >>> chrysler is recalling 745,000 jeep suvs in the united states. the company says it needs to fix a part that can cau
it is back to work for president obama today as he addresses congress about the fiscal cliff. these are tax increases and automatic spending cuts slated to slam the economy back into a possible recession in january if the house and senate don't intervene. partisan politics have gotten in the way on the issue as republicans refuse to hike tax rates on wealthy americans. the president is expected to urge congress to come together to extend bush era tax cuts for all but the nation's highest...
59
59
Nov 8, 2012
11/12
by
KNTV
tv
eye 59
favorite 0
quote 0
this morning team coverage of the fiscal cliff concerns. we'll begin with business and tech reporter scott mcgrew live in our newsroom with a look at the overnight reaction from the global markets. >> good morning to you, laura. deep concern on the markets, whether these two can come to an agreement. we saw as jon mentioned the worst day on the dow so far this year on wednesday. we have a live look at the nasdaq marketplace this morning one day after the sell-off there. it brought many asian markets lower. the world turned. by the time the sun came back around and over to europe we had some hope. the greek parliament was able to hammer out its latest agreement. the british footsie closed higher in london. there's hope washington can get back to business after the long, bitter election and perhaps, laura an jon, that fiscal cliff can be avoided. >> scott, thank you very much. so the question is what exactly is this so-called fiscal cliff? and will president obama and congress be able to avoid it through some kind of compromise? for those ans
this morning team coverage of the fiscal cliff concerns. we'll begin with business and tech reporter scott mcgrew live in our newsroom with a look at the overnight reaction from the global markets. >> good morning to you, laura. deep concern on the markets, whether these two can come to an agreement. we saw as jon mentioned the worst day on the dow so far this year on wednesday. we have a live look at the nasdaq marketplace this morning one day after the sell-off there. it brought many...
138
138
Jan 3, 2013
01/13
by
KNTV
tv
eye 138
favorite 0
quote 0
leverage the fiscal cliff deal to spur, among other things, electric scooter sales. the bottom line for taxpayers has to be how much is this it going to cost you? it turns out subsidies for motorized scooters and bikes would be about $15 million over the course of two years. that figure isn't that bad. but how about the sticker shot of rum subsidies? that's right. we're paying to have rum promoted in puerto rico for $550 million a year. >> it seems ridiculous. it's wrong. >> reporter: eli rosen, a student at san jose state university fails to see the economic value of promoting puerto rican rum with hundreds of millions of taxpayer dollars. but he's onboard with extending the american opportunity tax credit. it's another portion of the fiscal deal that gives tax credits to students at a price tag in the tens of billions. >> i think we're breathing a generation of ill advantaged students coming out of the university because they haven't taken their studies seriously for these purposes, that books are too expensive. >> reporter: but if footing the costs of books seems
leverage the fiscal cliff deal to spur, among other things, electric scooter sales. the bottom line for taxpayers has to be how much is this it going to cost you? it turns out subsidies for motorized scooters and bikes would be about $15 million over the course of two years. that figure isn't that bad. but how about the sticker shot of rum subsidies? that's right. we're paying to have rum promoted in puerto rico for $550 million a year. >> it seems ridiculous. it's wrong. >>...
49
49
Nov 12, 2012
11/12
by
KNTV
tv
eye 49
favorite 0
quote 0
we will have much more ahead on that fiscal cliff throughout the morning, including a live report from capitol hill. that will be coming up at 6:30. >>> oakland homeowners have new ways to help keep their roofs above their head. a mortgage clinic will be held at the oakland marriott convention center. it starts this morning at 10:00 and admission is free. several big banks, including wells fargo and citibank, will be there to talk about loan modifications and other financial options. there will also be housing counselors on hand to help residents submit applications for home loans. the event is part of an oakland program to help people who are facing foreclosure. >>> new this morning, sirens, smoke and flames were a serious wakeup call at a home in redwood city overnight. firefighters were called out there to the one-alarm miles an hour on held vin henry court this morning. that took place about 1:30. just a few blocks away from the men low golf course. so far no injuries have been reported and the cause is still under investigation. >>> family and friends of a 19-year-old hayward man
we will have much more ahead on that fiscal cliff throughout the morning, including a live report from capitol hill. that will be coming up at 6:30. >>> oakland homeowners have new ways to help keep their roofs above their head. a mortgage clinic will be held at the oakland marriott convention center. it starts this morning at 10:00 and admission is free. several big banks, including wells fargo and citibank, will be there to talk about loan modifications and other financial options....
384
384
Mar 1, 2013
03/13
by
KNTV
tv
eye 384
favorite 0
quote 0
first, it was arouround one of fiscal cliff and now round two sequester cuts leading up to round three, a possible government shutdown on march 27th. we're less than 24 hours away from the deadline for $85 billion worth of sweeping spending cuts to go into effect. today president obama is meeting with congressional leaders from both parties to come up with a deal to find other places to cut money. expectations are low that a solution will be reached. according to the white house, california will see an immediate impact once the cuts go into effect including more than $87 million in funds cut for primary and secondary education, more than $1 million in grants cut for public safety, more than $3 million in funding cut for job training and job search health. bay area airports facing for big changes. "today in the bay's" bob redell live at san francisco international which may have to cut the number of flights in and out drastically. bob? >> reporter: good morning to you, terry. let's say sequestration does happen. the government is warning that starting in 30 days you can experience long
first, it was arouround one of fiscal cliff and now round two sequester cuts leading up to round three, a possible government shutdown on march 27th. we're less than 24 hours away from the deadline for $85 billion worth of sweeping spending cuts to go into effect. today president obama is meeting with congressional leaders from both parties to come up with a deal to find other places to cut money. expectations are low that a solution will be reached. according to the white house, california...
53
53
Jan 3, 2013
01/13
by
KNTV
tv
eye 53
favorite 0
quote 0
of course this is reaction to the temporary end of the fiscal cliff. stocks also sold off in the last couple weeks leading up to the end of the year on the worries that the economy would be affected by huge spending cuts and tax hikes. >>> looking at nothing. looking at absolutely nothing. you are looking at me. here is video of al jazeera english. the parent company of this network says it is going to buy san francisco's current tv as a way of gaining access to the american cable market. under the plan as we understand it, it's going to launch a new channel specifically for the united states called al jazeera america. current television was founded by al gore and never caught on with audiences. our parent company, comcast, is a very small investment in current. current will eventually become al jazeera america and open up new bureaus in the united states. >> very interesting to watch. keith olbermann, al gore connection. >> al gore will stay as a board member in the current talent will obviously be leaving and not appearing on al jazeera. >> thank you
of course this is reaction to the temporary end of the fiscal cliff. stocks also sold off in the last couple weeks leading up to the end of the year on the worries that the economy would be affected by huge spending cuts and tax hikes. >>> looking at nothing. looking at absolutely nothing. you are looking at me. here is video of al jazeera english. the parent company of this network says it is going to buy san francisco's current tv as a way of gaining access to the american cable...
440
440
Jul 6, 2012
07/12
by
KNTV
tv
eye 440
favorite 0
quote 0
we could see the regulatory policy change, at that time when you've got this so-called fiscal cliff, the tax cuts expire at the end of the year, and you also have spending programs expiring by the end of the year. when companies have to -- come to an agreement about these expiration of taxing and spending programs. >> what about the fed, when they see numbers like these, 80,000 jobs only. do they say it's time for another stimulus package here? >> the federal reserve has said many times that they will be there if the economy deteriorates further. they're not sure what the demand picture will look like, are customers actually going to be there to buy their products, given the fact that europe is a mess. that's a big customer too the united states. the fed has said that they will be in place if in fact things e deteriora deteriorate. this is a very tough story, unemployment is persisting, we see that in the numbers that things actually have worsened in the last three months. >> at least the gas prices have come down, but does that affect things. >> you have to believe that's a boost fo
we could see the regulatory policy change, at that time when you've got this so-called fiscal cliff, the tax cuts expire at the end of the year, and you also have spending programs expiring by the end of the year. when companies have to -- come to an agreement about these expiration of taxing and spending programs. >> what about the fed, when they see numbers like these, 80,000 jobs only. do they say it's time for another stimulus package here? >> the federal reserve has said many...